Internet Secrets

Finding a niche market is one of the key ingredients to really making it in online selling. Did you know that beginner sellers are much more successful when they appeal to a very small market, rather than trying to appeal to everyone?

Finding a niche isn’t always easy – it takes time and persistence to find the right product to sell. To get you thinking, and to give you a few inspiring ideas, we have researched 5 product niche ideas to share with you. While some niche ideas might seem abstract to newbie sellers, that is exactly what a great niche is – very precise and seemingly difficult to source.

Niche Item #1: Heart Rate Monitors

These are used by athletes and gym bunnies or by people who need to keep an eye on their heart rate.

Why they are an exciting niche item:

• They have a 75% success rate on eBay (75% of all monitors listed on eBay in the last three months sold!)
• They are lightweight and easy to ship and store
• One size fits all

Niche Item #2: Plus Size Shoes

Many big-foot’s out there find it very difficult to find shoes that will fit them comfortably from regular retail stores.

Why they are a super niche item:

• While these are commonly made by popular shoe makers, stores often order only a handful of pairs in larger sizes, which means that more and more, our big-footed friends must turn to buying online to get what they need.
• They have a high success rate on eBay (women’s size 11 sell at 61.9% and men’s size 14 at 75%
• Both men and women alike can require plus size shoes (Hot tip: women’s size 11+ high heels could make a great little niche)

Niche Item #3: Plus Size Maternity Wear

Another plus-size item with huge success on eBay

It’s a profitable niche because:

• Maternity and baby gear always works because people are always going to have babies, so you’ll never run out of customers!
• Clothing items are easy to ship as they light and not fragile.

Niche Item #4: Military Insignia

Collectibles always make great niches and you can dig really deep to find the best ones. They are also perfect for people who are interested in them – you’ll find it much easier and much more rewarding when you sell something you enjoy. To really niche it up, go for US military insignia from the Vietnam War which is big on eBay.

Why military insignia makes an excellent niche:

• It rarely dates or goes out of fashion
• There are so many sub-niches to discover like Russian war medals and World War 2 helmets.

Niche Item #5: Antique Clocks

Another great collectible item

They are a first-rate niche because:

• You’ll appeal to both collectors and home decorators
• They have an eBay success rate of over 67%
• You can often pick these up very cheaply from flea markets and yard sales, then sell them on to make a profit

Niche items really are the way to go for newbie sellers and there are so many out there to keep you interested and best of all, make you money!

Looking to resell some of those products but don’t know where to start? Well here is the answer wholesale database is the largest database of wholesalers worldwide get all those products at wholesale price and start making money by reselling them on trademe, ebay or other auction sites.

In recent years with evolution of the internet online shopping has become more and more popular. Just doing a quick search on the internet we can see many major retailers offering facilities for purchasing goods online. Shopping online makes our lives easier and saves us a bit of money as usually online prices are slightly cheaper than the ones in the retail stores. But the main questions we need to look at are: are we buying from correct places and are there any way we can save more money without compromising on quality of the product.

Most of us who frequently shop online buy goods from large retailers like major department stores from their online stores or from auctions websites like eBay etc. Well let’s look at the department stores first they generally keep their margins at a certain level as they need to make profit to cover their expenses. If you compare prices in department stores to prices on the same items on eBay or some small websites you will notice that prices for the same items are generally much cheaper on eBay and from smaller online retailers. But in saying that people who selling online still making good margins on products and quite often they make better margins then larger outlets as their overheads are much smaller and they source product for the same price.

Well now why can we an average person buy something at a wholesale price and save ourselves somewhere between 10% and 200% of the retail price. Yes 200% is correct some items especially things like accessories, clothing, cables, etc get margined up by 200% or in some cases even more. I will give one example cat6 network cable I used to pay $17 dollars for a 2 meter cable then I opened up a corporate account with that store and suddenly they were offering me the same cable for $6 and then I found a cable distributer online and now I am paying $2 for cable and the thing is the price was not in any way affected by the quantity as I usually buy 1 or 2 cables.

You probably thinking right now that it would be really nice to get hold of the products at this prices but how do i find this wholesalers and how do I know which once are real and which are scam. Well there are two ways you can go about it.

First you can spend countless hours searching the internet and researching each wholesaler separately to make sure they are the real deal or you can just sign up to the largest wholesale directory and get instant access to over 7000 wholesalers in every imaginable category. I have been a member of that directory for many years now and for the small one time joining fee I have a lifetime access to the biggest wholesale database which saves me tens of thousands of dollars every year just buy buying everyday items like socks t-shirts etc directly from wholesalers.

Bellow I made a few screenshots on products and prices you can get from wholesalers just so you can see and compare the prices for yourself and realise how much money you can save just buy buying directly from wholesalers online.

Free tips for buying and selling online

Example 1

Example 2

Example 3

More Examples

So if you what to get this great prices on all your everyday shopping and start saving without compromising on quality join wholesale directory today and start enjoying these great prices. Click here to get discounted membership price.

Have you ever noticed how there are always big sales right before the holiday season with some shops offering up to 80% discounts? Well you probably have and you also probably quite happy to take advantage of those discounts and buy something for let’s say $200 which on any other day would cost you $1000 and after making that purchase you probably will be quite happy thinking that you saved yourself $800. Well let me tell you something I used to work in retail a while ago and I was shocked at the margins on some products and also retail shops never sell anything at a loss they always make money on each sale. Getting back to the margins let’s look at a simple t-shirt example let’s say on average half decent t-shirt will cost about $50 in a shop during the holiday sales the shop will probably offer it at 50% discount so people would look at it and see a good saving of $25 and be quite happy with this savings well now the shocking truth that the shop probably paid about $2.50 for that t-shit and still even after a %50 discount the shop will still make allot of money. Did you know that you could actually buy directly from the same supplier and it will cost you about $5 per t-shit plus few bucks for deliver so now you can actually not only save more on a product but you will save on petrol as well as you do not have to drive to the shop. Also when you buy direct from suppliers you do not have to wait for specials or holidays or anything else you get the same low price every day of the year.  Here are some examples of products and prices I posted earlier :

http://internetsecrets.blogtown.co.nz/2009/07/19/wholesale-products-and-prices-examples/

http://internetsecrets.blogtown.co.nz/2009/05/07/most-asked-questions-about-wholesale/

Now you probably thinking well that’s all good but how do I find those suppliers and how do I contact them? Well there is quite a simple answer to this question there is this website, which offers you an access to over 6000 verified suppliers and wholesalers the admins of the website constantly review and verify all the suppliers they also offer you a support forums and are happy to help you find any product you need. I have joined the website about three years ago and since virtually have not bought anything from the local shops except for groceries and in some cases when I just could not wait for the shipping otherwise all my purchases were made online from the wholesale suppliers. Looking back I probably saved myself over 50000 over the past three years by buying online as everything I have including tvs and all electronics were purchased online.

First I have to apologize to our frequent readers about not posting anything for a while. But as some of you may be aware of is that this blog is provided by http://www.wizit.co.nz and in the last 3 weeks we have been quite busy redesigning and improving our main website http://www.wizit.co.nz. Just to let you know we finally finished most of the work and the new and improved website is now online. We have also added a forum section and a reviews section. Please check them out. Shortly we will be releasing a link exchange section as well. Memberships at http://www.wizit.co.nz  are free as we dedicated to provide as much free information as possible. Also to celebrate our new design we giving away a welcome bonus to all new members the bonus consist of 4 really good eBooks.  And just to say we will continue to update this blog on a regular basis but this blog contains only a small fraction of information and resources which are available at our main website.  We wish you all the best and hoping to see you soon at our forums.

http://www.wizit.co.nz

All too often people want to buy pallets of merchandise
so they can resell for profit. That’s great, there’s nothing
wrong with that but the problem is, without knowing what
they’re doing, many people will rush out to an auction,
find a dealer or even go on eBay to buy a pallet of several
pallets of merchandise. The problem is they have no clue
what they’re doing and end up losing money because they’ve
made at least one of these 5 most common mistakes that will
cost you money if you make them!

1. Not understanding who you’re dealing with.

With the internet today, it is very easy to register a
domain name, put up a website give yourself a company
name and set up shop. Unfortunately there is a lot of this
that goes on in the surplus and liquidation world.

There are too many stories of people handing over their hard
earned money to “companies” who were supposed to deliver the
goods just to wake up one morning and the “company” or
“dealer” no longer exists… and neither does your money!

Your left with nothing and the con-artist sets up another
“office” and does it all again.

There is horror story after horror story of these
situations. I’ve heard to especially beware of companies on
the east coast. There are legitimate ones, but make sure
you know who you’re dealing with.

At least call them and talk to them. How long have they been
buying bulk? How long have they been in business? What kind
of vibes do you get when you’re talking to them?

Ask questions.

2. Not understanding what you’re buying.

I can’t tell you how many times people have ask me something
to this effect…

Hey Chad there’s a guy selling a pallet of stuff do you
think I should buy it?

Huh?…

To start with, if that’s all the information you give me
about buying a “pallet of stuff” and ask me if you should
buy it, well let me ask you this,

Would you buy a car without starting it? Would you buy a
part for your PC without having a clue what it was? Would
you give your hard earned money over to someone for no
reason and not get anything for it?

You would at least research enough to find out what it was
you were purchasing or know why you were giving money!

I don’t understand why it is that just because there’s a
bulk pallet of “stuff” (i.e.- most of the time junk) that
makes a candidate for a good purchase.

Second of all, I don’t mean to be harsh, if that’s the
only common sense you have about buying products, then this
is my answer… NO – NO – NO – in fact you may want to find
another business because if you don’t and this is your
search criteria, you’re going to get burnt! AND BAD!

What are you going to do when all of that “pallet of stuff”
is sitting in your garage that you just found out is
broken, defective and nobody wants. You paid $500 for junk
sitting in your garage just to take up space! I guess it’s
OK if you don’t mind losing $500 but I do!

When I ask the follow up questions, usually the answer I
get back is “well it’s a pallet of blue widgets at $500″.

And I’m going AND…

But that is all the information I’m given!

I’m not going to tell someone what to do but if that’s all
the information you know about what you’re buying, then let
me put it this way, if it’s all I knew about it, then

HELL NO! I DON’T BUY IT!!!!!

Be wise and know the key questions to ask. It takes more
than just knowing what’s on the pallet and how much the
pallet is, though it’s a start, that’s just the beginning.
There are key elements that you MUST learn to help you make
a calculated decision on whether or not if you should buy
that pallet or load of pallets.

I’ll teach you these in my book:

get my ebook here

3. Not understanding your costs associated with the product.

This is more than just knowing how much the pallet is
selling for. Does the product involve putting your time in
it? Are you going to have to make costly repairs or spend
time taking the product somewhere for the repair? Is it
going to take a long time to package and ship? Are you
going to have to invest in expensive packaging materials to
ship it? This all eats into your costs.

4. Not knowing the market value of the product.

All to often, people want to sell the “hot items”
especially on eBay. Or they want to sell the items that
are “their” favorite things but yet nobody else wants to
buy it.

In other words, there’s no market for it. So what if you’re
still into Cabbage Patch Kids. It doesn’t matter if you’ve
got an entire warehouse full of them if noone wants to buy
them! Why invest money in trying to get them if nobody
wants them.

You must know the market value of your product. Is it going
to be profitable for you to even sell it?

5. Not having a plan to move your products after you have
purchased them.

The usual train of thought is this. I’ll find a pallet of
stuff and start off selling it on eBay. Then as I grow,
I’ll get more and keep selling.

OK, fine, sounds good right? What do you do if your eBay
account gets suspended? What do you do if eBay crashes?
Make sure you use alternative outlets of sale with your
products.

Develop relationships with people, develop a web store,
whatever you can do to develop a customer base of people
who buy from you on a repetitive basis is the key.

Final Thoughts
Don’t get sucked up in the hype of instant riches by buying
a pallet and reselling. Don’t let some overnight “slickster”
tell you their products are the only way to make money!

(I let the cat out of the bag about where the products come
from in THE “ULTIMATE” INSIDERS SURPLUS, LIQUIDATION &
WHOLESALE BUYING TO RESELL FOR MEGA PROFITS GUIDE).

Yes, you can make money if you do it right. But often, with
many types of products, the cost of the pallet is more than
it’s worth so you won’t even make your money back. Of
course, it will look like the wholesale value of the product is
$3,000.00 for the pallet, and your paying say
$500 so you think you’re going to quadruple your money, but
do your homework and understand exactly what it is you’re
buying before you buy!

Is there a manifest so you can see what’s on the pallet?
Do all the pieces work? If it’s clothing, do you know that
on the top of the gaylord you could have name brand clothing
and you think you’re getting a killer deal but once you get
it you find foreign knock offs on the bottom that are
soiled, stained and ripped! You wouldn’t even wear them!

It happens more than you would imagine. Be careful of who
you’re dealing with, know the types of products you’re
getting, know your costs, the market value of the products
and have a plan.

This is a good place to begin to help protect you and to
help you profit.

THE “ULTIMATE” INSIDERS SURPLUS, LIQUIDATION & WHOLESALE
BUYING TO RESELL FOR MEGA PROFITS GUIDE will teach you in
detail what you need to know so pick up your copy at:

see our website here

Plus it’s essential that you understand if you’re going
to be buying pallets or loads of bulk pallet merchandise,
there are different product categories. I’ll teach you
how to grow your business from understanding different
product categories.

Here’s to your success!

Chad Maslak
Author: “THE “ULTIMATE” INSIDERS SURPLUS, LIQUIDATION
& WHOLESALE BUYING TO RESELL FOR MEGA PROFITS GUIDE”

check out our website here

Wholesale products examples
Due to a high number of emails asking me to provide more examples on salehoo wholesale suppliers and products I have decide to publish this post. In this post I will basically provide examples of products and pricing from salehoo suppliers and examples of the same product sold on ebay. There are two main reasons why I am comparing prices to ebay first is that ebay is global website with a very high competition so the prices on ebay are generally slightly lower than on the local websites such as trademe etc. And the second reason is so I do not have to do currency conversions between USD and local currencies. All the examples bellow have prices in USD.
 

Example 1 Nokia N98
Ebay

Salehoo

Example 2 Clothing 
With this example I have a screenshot of a small subset of different clothing items from one of the supplier with prices. This prices are about 200% -300% cheaper than comparable items in stores or online from general retailers

Example 3 Electronics
Here are some screenshots of electronics products and prices you can get via Salehoo wholesale list.

The above is just a small subset of products you can get via salehoo wholesalers. Generally with this wholesalers you can get products anywhere from about 300%  to 20%  cheaper then retail prices. Also as a salehoo member you will receive special deals from wholesalers which are only available through salehoo. Salehoo membership costs about $60 that gives you lifetime access to all the suppliers (verified by salehoo admins) also it gives you the access to support forums and to research lab which is one of the most powerful tools available on the internet for product research. Another cool thing is many salehoo suppliers allow drop shipping which means they will deliver product directly to your customer so you don’t have to hold the stocks. There are more on drop shipping in my earlier posts in this blog.

Salehoo website here
If you need an example of a particular product and the price you can get it for let me know and I will check it out for you.

Visit http://www.wizit.co.nz for more helpfull tips
http://www.wizit.co.nz — we help ordinary people to ear extraordinary money…….

Drop shipping is when the product distributor takes care of all the shipping for you. Rather than ordering stock in bulk, the stock remains with the distributor. Then, when you make a sale, you send an email to the distributor and they pack up the item and send it straight to the customer with your company label on the box.

Drop shipping is a very popular option with sellers because it takes a lot of the grunt work out of selling on eBay. However, there are some major downsides to drop shipping – especially for new sellers.

Here’s a list of the pros and cons of drop shipping so that you can make the right decision for your business.

Drop shipping Pros

1. No storage room required
   You don’t have to fill up your living room with stock and packing materials! This is particularly useful if you are selling large items such as kit-sets, furniture, sporting goods, and so on.
2. No shipping costs getting stock delivered from the distributor
   Drop shipping means you don’t have to pay a carrier to bring stock from the distributor to your own storage area, which can mean big savings in the long term.
3. Spend more time on other areas of your business
   You don’t have to organize the packing and postage system, nor do you have to drive to the post shop each day to post your packages. This gives you a significant increase in time to spend on other tasks such as marketing and communicating with customers.
4. No packaging required
   You save money by not having to order and store packaging materials.

Drop shipping Cons

1. Can be Costly
   You have to pay for the cost of the labor and materials involved in drop shipping. Generally this is between $2 and $5 per item. Many new sellers find that the additional costs of drop shipping greatly reduce their profit margins and sometimes nullify the whole operation. This is the main reason why drop shipping is not a viable option for some sellers.
2. You are still responsible for any shipping problems
   So the item arrived damaged? Was there a shipping delay? You’ll get the flak for anything that goes wrong with the shipping even though it is technically out of your control.
3. Hard to find a distributor who will do it and do it well
   Many distributors will not drop ship because of the extra paperwork involved. Then there is the matter of checking up on quality standards to make sure your items are being packed correctly.
4. Low stock levels may cause unhappy customers
   Your drop shipper won’t necessarily tell you when they are running low on stock. If they run out and have to do a back order, you may end up spending a great deal of time placating a bunch of unhappy and impatient customers.

Drop shipping is a very appealing prospect for many sellers; however it is not always a realistic one. Despite the hassle, ‘doing it yourself’ can often be a more sensible option financially, especially for new businesses.

———————————————————————————————————————————
SaleHoo is one of the fastest growing product sourcing portals on the internet. It contains a database of drop ship, wholesale, closeout and manufacturing suppliers offering thousands of product suppliers to consumers! Located at http://www.salehoo.com, visitors are allowed to sign up for unlimited and lifetime access to the completely searchable database of products and suppliers. The database is regularly updated, ensuring that the latest retail products are always available for purchase and SaleHoo carries the BBB Reliability Seal!

Join SaleHoo Today for their Special Startup Offer!

Visit http://www.wizit.co.nz for more helpfull tips
http://www.wizit.co.nz — we help ordinary people to ear extraordinary money…….

Visit http://www.wizit.co.nz for more helpfull tips
http://www.wizit.co.nz — we help ordinary people to ear extraordinary money…….